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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 753.4 $ 822.2
Accounts receivable, net 831.7 783.7
Inventories, net of inventory valuation reserves 1,037.8 981.9
Other current assets 85.2 78.2
Total current assets 2,708.1 2,666.0
Property, plant and equipment:    
Property, plant and equipment 4,736.4 4,690.7
Less: accumulated depreciation (1,932.1) (1,845.5)
Property, plant and equipment, net 2,804.3 2,845.2
Operating lease right-of-use assets 142.2 148.2
Goodwill 729.4 729.4
Other intangibles, net 291.0 296.2
Equity method investments 370.3 360.7
Other non-current assets 135.0 126.1
Total assets 7,180.3 7,171.8
Current liabilities:    
Accounts payable 1,732.3 1,814.3
Current portion of long-term debt 14.5 44.5
Current portion of obligation under Inventory Intermediation Agreement 0.0 0.4
Current portion of operating lease liabilities 51.5 54.7
Accrued expenses and other current liabilities 808.2 771.2
Total current liabilities 2,606.5 2,685.1
Non-current liabilities:    
Long-term debt, net of current portion 2,482.4 2,555.3
Obligation under Inventory Intermediation Agreement 492.7 407.2
Environmental liabilities, net of current portion 110.5 110.9
Asset retirement obligations 43.6 43.3
Deferred tax liabilities 269.6 264.1
Operating lease liabilities, net of current portion 104.7 111.2
Other non-current liabilities 35.2 35.0
Total non-current liabilities 3,538.7 3,527.0
Stockholders’ equity:    
Preferred stock, $0.01 par value, 10,000,000 shares authorized, no shares issued and outstanding 0.0 0.0
Common stock, $0.01 par value, 110,000,000 shares authorized, 81,626,016 shares and 81,539,871 shares issued at March 31, 2024 and December 31, 2023, respectively 0.8 0.8
Additional paid-in capital 1,171.8 1,113.6
Accumulated other comprehensive loss (4.8) (4.8)
Treasury stock, 17,575,527 shares, at cost, at March 31, 2024 and December 31, 2023, respectively (694.1) (694.1)
Retained earnings 381.5 430.0
Non-controlling interests in subsidiaries 179.9 114.2
Total stockholders’ equity 1,035.1 959.7
Total liabilities and stockholders’ equity $ 7,180.3 $ 7,171.8